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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
INTEREST AND DIVIDEND INCOME:    
Loans, including fees $ 10,355 $ 9,323
Investment securities:    
Taxable 622 1,014
Tax-exempt 475 767
Dividend and other interest income 274 293
TOTAL INTEREST AND DIVIDEND INCOME 11,726 11,397
INTEREST EXPENSE:    
Deposits 834 743
Short-term borrowings 26 19
Long-term borrowings 492 524
TOTAL INTEREST EXPENSE 1,352 1,286
NET INTEREST INCOME 10,374 10,111
PROVISION FOR LOAN LOSSES 350 700
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 10,024 9,411
NON-INTEREST INCOME:    
Service charges 532 553
Net securities gains, available for sale 435 661
Net securities gains, trading 40 0
Bank-owned life insurance 184 188
Gain on sale of loans 467 299
Insurance commissions 206 234
Brokerage commissions 255 245
Other 878 1,080
TOTAL NON-INTEREST INCOME 2,997 3,260
NON-INTEREST EXPENSE:    
Salaries and employee benefits 4,580 4,470
Occupancy 541 628
Furniture and equipment 701 595
Pennsylvania shares tax 258 224
Amortization of investment in limited partnerships 152 165
Federal Deposit Insurance Corporation deposit insurance 232 215
Marketing 210 129
Intangible amortization 87 82
Other 2,300 1,960
TOTAL NON-INTEREST EXPENSE 9,061 8,468
INCOME BEFORE INCOME TAX PROVISION 3,960 4,203
INCOME TAX PROVISION 882 848
NET INCOME $ 3,078 $ 3,355
EARNINGS PER SHARE - BASIC AND DILUTED (in dollars per share) $ 0.65 $ 0.70
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC AND DILUTED (in shares) 4,740,503 4,801,505
DIVIDENDS DECLARED PER SHARE (in dollars per share) $ 0.47 $ 0.47